Practice Exam
Certificate in Procurement Planning

Certificate in Procurement Planning

4.7 (214 ratings)
288 Learners
Take Free Test

 

Procurement Planning

 

About Procurement Planning
Procurement planning is the process of deciding what to buy, when and from what source. During the procurement planning process, the procurement method is assigned and the expectations for the fulfillment of procurement requirements are determined.

The goal of a procurement plan is to increase the efficiency, effectiveness, and transparency of the procurement process. The document specifically describes how products or services will be acquired and how vendors will be managed during the project. It includes information such as the types of contracts that will be used, the planned delivery or implementation dates for the contracted products or services, the types of metrics that will be used to evaluate the vendor's performance, and an explanation of how the procurement process will be performed.

Why is Procurement Planning important?
Procurement Planning is important because:
•    It helps to decide what to buy, when and from what sources.
•    It allows planners to determine if expectations are realistic; particularly the expectations of the requesting entities, which usually expect their requirements met on short notice and over a shorter period than the application of the corresponding procurement method allows.
•    It is an opportunity for all stakeholders involved in the processes to meet in order to discuss particular procurement requirements. These stakeholders could be the requesting entity, end users, procurement department, technical experts, and even vendors to give relevant inputs on specific requirements.

Who should take the Procurement Planning Exam?
•    Procurement or purchase professionals
•    Business owners or Entrepreneurs
•    Anyone who wants to assess their skills
•    Procurement or purchase managers and senior executives
•    Procurement or purchase consultants
•    Team leaders
•    Professionals working in Supply Chain/Procurement/Purchasing Warehousing/Distribution/Logistics Industry

Procurement Planning Certification Course Outline
1. Procurement Management
2. Cost and Value Analysis System
3. Negotiation Skills
4. Purchase Management System
5. Vendor Management
6. Materials Planning
7. Procurement Planning
 

Key Features

Accredited Certificate

Industry-endorsed certificates to strengthen your career profile.

Instant Access

Start learning immediately with digital materials, no delays.

Unlimited Retakes

Practice until you’re fully confident, at no additional charge.

Self-Paced Learning

Study anytime, anywhere, on laptop, tablet, or smartphone.

Expert-Curated Content

Courses and practice exams developed by qualified professionals.

24/7 Support

Support available round the clock whenever you need help.

Interactive & Engaging

Easy-to-follow content with practice exams and assessments.

Over 1.5M+ Learners Worldwide

Join a global community of professionals advancing their skills.

How learners rated this courses

4.7

(Based on 214 reviews)

63%
38%
0%
0%
0%

Reviews

Certificate in Procurement Planning FAQs

It incorporates data, for example, the sorts of agreements that will be utilized, the arranged conveyance or execution dates for the contracted items or administrations, the kinds of measurements that will be utilized to assess the seller's presentation, and a clarification of how the procurement cycle will be performed. 

The multiple times of procurement are open offering, limited offering, demand for proposition, two-stage offering, demand for citations and single-source procurement.

The Procurement Plan is significant on the grounds that: 

1. It records all prerequisites expected to be obtained throughout some undefined time frame.

2. From it the procurement plan is created, which builds up the timetables for completing each progression in the procurement interaction up to contract grant and the satisfaction of the prerequisite.